Power plants in New Haven and Bridgeport are likely to be sold, as two subsidiaries of a Boston-based company have signed a $1.92 billion agreement to purchase New Jersey-based Public Service Enterprise Group’s 6,750-megawatt fossil fuel generation portfolio. The deal with ArcLight Energy Partners’ subsidiaries is expected to close by the end of this year or in the first quarter of 2022. The deal covers 13 generation units in New Jersey, Connecticut, Maryland and New York. It requires the approval of federal regulators as well as those in the states where the power plants are located.
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